Mubasher: Al Batinah Hotels reported a 20% decline year-on-year in its profits for the first quarter of 2015, according to a bourse statement.
Profits reached OMR 60,670 ($157,080) in the first quarter of 2016, compared to OMR 75,500 ($195,480) in the same quarter of 2015
On the other hand, total revenues grew 8.58% to OMR 432,780 ($1.1 million) in Q1-16, compared to OMR 398.590 ($1.03 million) in Q1-15.
Total expenses rose 16% to OMR 369,220 ($958,888) during the period, up from OMR 318,180 ($826,334).
